2017 Q2 Form 10-Q Financial Statement

#000138365017000040 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $992.0M $151.0M
YoY Change 556.95% 123.08%
Cost Of Revenue $577.0M $49.00M
YoY Change 1077.55% 53746.15%
Gross Profit $415.0M $102.0M
YoY Change 306.86% 50.89%
Gross Profit Margin 41.83% 67.55%
Selling, General & Admin $25.00M $25.00M
YoY Change 0.0% -33.51%
% of Gross Profit 6.02% 24.51%
Research & Development $1.000M $0.00
YoY Change -100.0%
% of Gross Profit 0.24% 0.0%
Depreciation & Amortization $86.00M $29.00M
YoY Change 196.55% 81.35%
% of Gross Profit 20.72% 28.43%
Operating Expenses $792.0M $138.0M
YoY Change 473.91% 91.65%
Operating Profit $200.0M $13.00M
YoY Change 1438.46% -401.07%
Interest Expense $154.0M $72.00M
YoY Change 113.89% 43.58%
% of Operating Profit 77.0% 553.85%
Other Income/Expense, Net -$154.0M -$113.0M
YoY Change 36.28% 102.78%
Pretax Income $46.00M -$100.1M
YoY Change -145.95% 66.83%
Income Tax
% Of Pretax Income
Net Earnings $46.00M -$100.0M
YoY Change -146.0% 66.55%
Net Earnings / Revenue 4.64% -66.23%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share $136.2K -$0.21
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $12.00M
YoY Change -100.0% -93.85%
Cash & Equivalents $0.00 $12.26M
Short-Term Investments
Other Short-Term Assets $39.00M $21.73M
YoY Change 79.51% -94.43%
Inventory $93.00M $48.33M
Prepaid Expenses
Receivables $204.0M $109.0M
Other Receivables $15.00M $4.000M
Total Short-Term Assets $1.216B $646.0M
YoY Change 88.24% 3.46%
LONG-TERM ASSETS
Property, Plant & Equipment $14.92B $13.22B
YoY Change 12.85% 25.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $211.0M $217.9M
YoY Change -3.19% 48.0%
Total Long-Term Assets $15.95B $13.61B
YoY Change 17.15% 16.51%
TOTAL ASSETS
Total Short-Term Assets $1.216B $646.0M
Total Long-Term Assets $15.95B $13.61B
Total Assets $17.16B $14.26B
YoY Change 20.37% 15.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.00M $35.58M
YoY Change 23.66% 238.0%
Accrued Expenses $467.0M $336.3M
YoY Change 38.86% 7.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.662B
YoY Change -100.0%
Total Short-Term Liabilities $623.0M $2.165B
YoY Change -71.22% 430.22%
LONG-TERM LIABILITIES
Long-Term Debt $16.03B $11.54B
YoY Change 38.82% 5.01%
Other Long-Term Liabilities $29.00M $170.0K
YoY Change 16958.82% -90.73%
Total Long-Term Liabilities $16.03B $11.54B
YoY Change 38.82% 4.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $623.0M $2.165B
Total Long-Term Liabilities $16.03B $11.54B
Total Liabilities $16.65B $13.71B
YoY Change 21.44% 20.22%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $486.0M $488.0M
YoY Change
Total Liabilities & Shareholders Equity $17.16B $14.26B
YoY Change 20.37% 15.85%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $46.00M -$100.0M
YoY Change -146.0% 66.55%
Depreciation, Depletion And Amortization $86.00M $29.00M
YoY Change 196.55% 81.35%
Cash From Operating Activities $209.0M -$92.00M
YoY Change -327.17% -267.27%
INVESTING ACTIVITIES
Capital Expenditures -$374.0M -$509.0M
YoY Change -26.52% -42.52%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$5.000M
YoY Change -100.0% -100.57%
Cash From Investing Activities -$374.0M -$514.0M
YoY Change -27.24% 7458.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.00M 656.0M
YoY Change -104.27% -2755.87%
NET CHANGE
Cash From Operating Activities 209.0M -92.00M
Cash From Investing Activities -374.0M -514.0M
Cash From Financing Activities -28.00M 656.0M
Net Change In Cash -193.0M 50.00M
YoY Change -486.0% 112.77%
FREE CASH FLOW
Cash From Operating Activities $209.0M -$92.00M
Capital Expenditures -$374.0M -$509.0M
Free Cash Flow $583.0M $417.0M
YoY Change 39.81% -55.66%

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OperatingIncomeLoss
13000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3000000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
200000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
419000000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2000000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5000000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
29000000 USD
CY2017Q2 us-gaap Other Assets Current
OtherAssetsCurrent
39000000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
18000000 USD
CY2017Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
9000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
222000000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
211000000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
CY2016Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2000000 USD
CY2017Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
15000000 USD
CY2016Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1000000 USD
CY2017Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
4000000 USD
CY2016Q4 us-gaap Partners Capital
PartnersCapital
443000000 USD
CY2017Q2 us-gaap Partners Capital
PartnersCapital
486000000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
50000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
39000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
50000000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
50000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
70000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
29000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1224000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
898000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
3365000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2314000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14158000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14922000000 USD
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
90000000 USD
CY2017Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
138000000 USD
CY2016Q2 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
0 USD
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
2000000 USD
CY2017Q2 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
0 USD
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
1000000 USD
CY2016Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
21000000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
43000000 USD
CY2017Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
23000000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
45000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
1842000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
703000000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
605000000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
865000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
698000000 USD
CY2016Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2017Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
422000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
753000000 USD
CY2016Q2 us-gaap Revenues
Revenues
151000000 USD
us-gaap Revenues
Revenues
218000000 USD
CY2017Q2 us-gaap Revenues
Revenues
992000000 USD
us-gaap Revenues
Revenues
1883000000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
65000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
130000000 USD
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
65000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
130000000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-125000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-225000000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
21000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
43000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000 shares

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